§ 2920. — 2920. (Amended by Stats. 1989, Ch. 698, Sec. 4.)

California § 2920.

• Jurisdiction: California
• Code CIV: Civil Code - CIV
• Div. 3.: DIVISION 3. OBLIGATIONS
• Title: 14.
• Part 4.: TITLE 14. LIEN
• Ch. 2.: CHAPTER 2. Mortgage
• Art. 1.: ARTICLE 1. Mortgages in General

Text

(a)
A mortgage is a contract by which specific property, including an estate for years in real property, is hypothecated for the performance of an act, without the necessity of a change of possession.
(b)
For purposes of Sections 2924 to 2924h, inclusive, “mortgage” also means any security device or instrument, other than a deed of trust, that confers a power of sale affecting real property or an estate for years therein, to be exercised after breach of the obligation so secured, including a real property sales contract, as defined in Section 2985, which contains
such a provision.

Legislative History

Amended by Stats. 1989, Ch. 698, Sec. 4.